National Thermal Power Corporation (NTPC) power plant with a capacity of 4,000 MW. Mr N. Kiran Kumar Reddy, the Chief Minister, has signed a file that will pave the way for establishing the unit in Visakhapatnam district with an estimated cost of Rs 23,000 crore.
State Government's concurrence for purchasing and availing 50 per cent of the power generated at a tariff decided by the Central Electricity Regulatory Authority (CERC).
The State Government has identified land at Pudimadaka near Anakapalle, the second biggest city in the district.
State Government gave its in-principle approval for the NTPC proposal in November 2010. As it gave the nod, the Government put a rider that it should be allocated half of the 4,000 MW generated at the plant.
“The Government will help the public sector power utility get all clearances required for the project and allocate land,” the release said.
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